Published on 3/9/2004 in the Prospect News Emerging Markets Daily.
New Issue: Industrial Bank of Korea $300 million 10-year bonds yield 4.079%
By Paul A. Harris
St. Louis, March 9 - Industrial Bank of Korea priced $300 million of 10-year bonds (Baa1/BBB) at 99.639 with a 4% coupon to yield 4.079%, a market source said.
Credit Suisse First Boston, HSBC and UBS Investment Bank were the underwriters.
| Issuer: | Industrial Bank of Korea
|
| Amount: | $300 million
|
| Maturity: | May 19, 2014
|
| Security description: | Bonds
|
| Underwriters: | Credit Suisse First Boston, HSBC, UBS Investment Bank
|
| Coupon: | 4%
|
| Price: | 99.639
|
| Yield: | 4.079%
|
| Spread: | 138 basis points
|
| Call protection: | Until May 15, 2009
|
| Pricing date: | March 9
|
| Settlement date: | March 16
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
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